H.R. 547: National Infrastructure Development Bank Act of 2017

115th Congress · introduced 2017-01-13 · Government Operations and Politics · Latest: Referred to the Subcommittee on Water Resources and Environment.

federal

Follow this bill, step by step

Where it came from: introduced 2017-01-13 · official record
Who proposed it: Rep. DeLauro, Rosa L. [D-CT-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Water Resources and Environment. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Infrastructure Development Bank Act of 2017

Plain summary

National Infrastructure Development Bank Act of 2017 This bill establishes the National Infrastructure Development Bank as a wholly owned government corporation. The bank's board of directors shall be responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. The board is authorized to: (1) make loans and loan guarantees to assist in the financing an infrastructure project, (2) issue public benefit bonds and provide financing to infrastructure projects, and (3) pay an interest subsidy to the issuer of American Infrastructure Bonds. The bank shall establish a risk management committee, which shall: (1) create financial, credit, and operational risk management guidelines; (2) set guidelines to ensure diversification of lending activities by geographic region and infrastructure project type; (3) create conforming standards for financial assistance; (4) monitor financial, credit, and operational exposure; (5) provide financial recommendations to the board; and (6) ensure that the aggregate amount of interest subsidies provided for such bonds in a given calendar year does not exceed 28% of interest payable under all such bonds. The board shall approve criteria established by the bank's executive committee for determining project eligibility for financial assistance. The bill sets forth criteria to be considered by the board for each type of infrastructure project. The executive committee shall conduct an analysis that considers the economic, environmental, and social benefits and costs of each project under consideration, prioritizing projects that contribute to economic growth, lead to job creation, and are of regional or national significance. Financial assistance for an infrastructure project: (1) shall be repayable from dedicated revenue sources that also secure the infrastructure project obligations, and (2) shall not exceed 50% of reasonably anticipated project costs. Bank bonds shall be exempt from state or local government taxation. Assisted projects must comply with wage rate, domestic content, and buy American statutes. The board shall establish an American Infrastructure Bond program. The bill establishes the National Infrastructure Development Bank Trust Fund into which an amount equal to the tax receipts attributable to interest payable under such bonds is to be appropriated.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

National Infrastructure Development Bank Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. DeLauro, Rosa L. [D-CT-3] · 87 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark Takano (D-CA), Marcy Kaptur (D-OH), Suzan K. DelBene (D-WA), Katherine M. Clark (D-MA), Rick Larsen (D-WA), Chellie Pingree (D-ME), Gwen Moore (D-WI), John B. Larson (D-CT), Adam B. Schiff (D-CA), Doris O. Matsui (D-CA), Brendan F. Boyle (D-PA), Robin L. Kelly (D-IL), Paul Tonko (D-NY), Peter Welch (D-VT), John Garamendi (D-CA), Eleanor Holmes Norton (D-DC), Suzanne Bonamici (D-OR), Debbie Dingell (D-MI), André Carson (D-IN), Marc A. Veasey (D-TX), Janice D. Schakowsky (D-IL), William R. Keating (D-MA), Linda T. Sánchez (D-CA), Bill Foster (D-IL), Mark Pocan (D-WI), Stephen F. Lynch (D-MA), Betty McCollum (D-MN), Grace Meng (D-NY), James A. Himes (D-CT), Judy Chu (D-CA), Robert C. "Bobby" Scott (D-VA), James P. McGovern (D-MA), Brad Sherman (D-CA) and 27 more.

Sponsor's campaign money: Rep. DeLauro, Rosa L. [D-CT-3] reported raising $1.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (7)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Obligation: A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr547.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr547 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115